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The politics of pension policy responses to COVID-19: comparative insights from Chile, Bolivia and Peru

Carrera, Leandro and Angelaki, Marina (2022) The politics of pension policy responses to COVID-19: comparative insights from Chile, Bolivia and Peru. Journal of International and Comparative Social Policy. ISSN 2169-9763

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Identification Number: 10.1017/ics.2022.14

Abstract

The COVID-19 pandemic has sparked a debate around the world on whether pension systems should be used to support individuals in economic distress. In Latin America, Chile, Bolivia and Peru have passed legislation allowing withdrawals from pension pots, yet with some significant variation. We argue that these measures cannot be simply understood because of the COVID-19 emergency alone but should also take into consideration the combination of legacies from previous pension re-reforms and the political institutional setting. We find that where previous re-reforms have been difficult to implement or have not been implemented at all and the institutional setting makes change difficult, measures that lead to a significant amount of savings being withdrawn may be favoured by political actors as a way to break the stalemate. By contrast, where re-reforms have been largely implemented and the political institutional setting poses few barriers to change, withdrawals may be more limited.

Item Type: Article
Official URL: https://www.cambridge.org/core/journals/journal-of...
Additional Information: © 2022 The Authors
Divisions: Government
Subjects: H Social Sciences > HD Industries. Land use. Labor
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 22 Sep 2022 17:06
Last Modified: 26 Nov 2022 00:15
URI: http://eprints.lse.ac.uk/id/eprint/116666

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